US EditionTrump signs tax and spending cut bill at White House July 4 ceremony
The One Big Beautiful Bill Act cuts Medicaid coverage for over 10 million people and reallocates funds to military and border security, affecting 41.4 million Medicaid adults, analysts say.
- On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act into law, a sweeping budget reconciliation package affecting taxation, energy, Medicaid, and immigration in the United States.
- By design, the One Big Beautiful Bill Act aims to boost domestic fuel output by scaling back royalty rates and expanding leasing, while cutting taxes mainly for households earning $217,000 or more and increasing military and border security funding.
- Onshore provisions cut reduce the onshore minimum royalty rate from 16.67% to 12.5%, increase the Gulf revenue sharing cap to $650 million annually starting FY2025, and require solar projects to begin construction by July 4, 2026 for full credits.
- As a result, Medicaid recipients face coverage losses, with the act expected to remove more than 10 million people from Medicaid affecting about 41.4 million adults; over 78% of Republican or Republican-leaning voters support it, but backing falls per the June 2025 KFF Health Tracking Poll.
- Politically, Trump and the MAGA base likely sustain support as the law boosts domestic fuel output and incentivizes biofuel production while slowing wind and solar deployment.
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Why do MAGA faithful support Trump if his ‘big beautiful bill’ will likely hurt many of them?
Supporters of President Donald Trump demonstrate near his Mar-a-Lago home in Palm Beach, Fla., on July 17, 2025. Joe Raedle/Getty Images President Donald Trump signed the wide-ranging One Big Beautiful Bill Act into law on July 4, 2025. It focuses on cutting taxes, mainly for households that earn US$217,000 or more each year, as well as increasing funding for military and border security and revamping social programs. Republicans tout it as prov…
Steve Scalise: Inside The Final Push To Pass Trump’s ‘Big, Beautiful Bill’
By Bradley Devlin, The Daily Signal | July 17, 2025 It was an incredibly hectic and high-stakes 48 hours as House leadership cobbled together the votes to send the One Big Beautiful Bill Act to President Donald Trump’s desk. Few, if any, are better positioned to discuss what happened in those pivotal moments than House Majority Leader Steve Scalise. He joined “The Signal Sitdown” to give a behind-the-scenes look at the final push to pass the “On…
Decades of Neoliberalism Entrenched US Inequality. Trump’s Budget Made It Worse
Donald Trump Signs One Big Beautiful Bill into Law. White House, Public domain, via Wikimedia Commons In one of the scariest moments in modern history, we're doing our best at ScheerPost to pierce the fog of lies that conceal it but we need some help to pay our writers and staff. Please consider a tax-deductible donation. By C.J. Polychroniou / Truthout Donald Trump’s so-called “Big, Beautiful Bill,” which was signed into law last week, has been…
Governor Armstrong: Signed federal tax and spending bill ‘so important for North Dakota’
Bismarck, N.D. – North Dakota Governor Kelly Armstrong is explaining why he supported final passage of the ‘big beautiful bill’, which included tax and spending cuts, that was signed into law by President Trump. “It’s so important for North Dakota,” Armstrong told The Flag on Wednesday. “If they didn’t do it, it would’ve been the largest tax hike in history.” Along with the extension of Trump’s tax cuts, Armstrong is also behind the eligibility…
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